Exro to acquire California-based SEA Electric in $332-million CAD EV-tech deal
Exro said deal provides it with “a defined path” to profitability.
hardware
Femtum raises $5 million CAD to commercialize lasers for semiconductor manufacturers
Seed round was led by deep tech fund i4 Capital and ELAS Technology Investment.
Bello raises $1.5 million for its consumer water filter and infuser
Bello wants to help eliminate plastic bottles with long-lasting filter, multi-use flavour capsules.
ventureLAB receives $4.5 million from feds to scale more hardware, semiconductor companies
The funding is aimed at supporting 30 companies and commercializing 25 new products.
Untether AI names Intel veteran Chris Walker as its new CEO
AI chip startup also adds ex-Google, Nvidia exec Amir Salek to board.
Founded by Alphabet alums, Canadian-led AI hardware startup Extropic secures over $14 million
Run by @BasedBeffJezos, Extropic’s backers include Tobias Lütke, Cohere co-founders.
Nicotine addiction treatment tech startup Ditch Labs acquires IP assets of French firm Enovap SAS
Acquisition comes nine months after Ditch Labs secured $3.25 million CAD in seed funding.
Bitkey lead calls Canada an important market as Block launches new self-custody Bitcoin wallet worldwide
Block bills Bitkey as a simpler alternative to other self-custody Bitcoin storage options.
Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again
With new hires, managing director says IAF has achieved “critical mass.”
TechBrew rebrands to 4AG Robotics, closes $17.5-million Series A to build mushroom-picking robots
Backed by BDC, InBC, and Emmertech, 4AG is gearing up to get its tech to farms.
VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups
Event surveys state of play in Canada for hardware firms in medtech, AI, and other sectors.
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually.
Promise Robotics nets $20.8-million CAD Series A to speed up home building with robots
The startup turns standard industrial robots into plug-and-play homebuilding systems.
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.